jbieb448
Long

Bancor: Partnerships & Israeli-Crypto Innovation

BITTREX:BNTBTC   Bancor / Bitcoin
Bancor has been on my radar since the beginning. However, what began as a massive ICO             -- about $150 million in 3 hours - ended up in a massive dump when BNT             came to market. However, after compiling enough data it seems Bancor will be making its way up in Market Cap and price in terms of BTC             .

This chart shows that BNT             could be following one of two paths. The first path is a massive jump in price out of the gate. The catalyst for this jump could be their partnerships with Status, Aragon, Gnosis, Civic, Neo and Coinmarketcap.com; the creation of the Bancor API and the list goes on and on and on. (https://blog.bancor.network/bancor-progress-update-f47375a68795)

However, if this price action does not play out in the short term due to a large rise in the price of BTC             or some other unforeseen cause of resistance, then the price will stabilize within the current wedge between short term support and long term resistance at roughly 0.0007 BTC             to 0.0005 BTC             .

If Bancor's vision works out, this could be a very good early off-bitcoin-blockchain solution to providing liquidity to decentralized exchanges in 2018/2019, since Lightning Network still seems far away. We'll see how it plays out.

Disclaimer: This information is not reliable or valid or good in anyway. Please ignore this and do not take it for investment advice at all.
Kommentar: I am unsure why, but the position of the fib levels and gann fans have changed on this chart after publishing. This chart still tells the overall story that I intended. However, the position of the price projection is slightly off. Take this with a grain of salt. Enjoy.
Trade ist aktiv: Looking for a half position on fib level 0.00058 (former open price on 1/9/2018 day candle and top of 1/8/2018 wick). Hopefully I will catch a knife and move upwards, then take a full position.
Kommentar: Since my bids have not filled I canceled and moved them lower. Layering bids at 0.00052 and 0.00044 for my half position strategy.
Kommentar: Pulled bids off exchange and will be coming back to BNT at a later date. The top side resistance appears to be very strong and too overwhelming for the current run up. See:
Order storniert
The RSI on the 4h chart is over 80 and the chart is way, way above the trend line, it might be better to wait a bit for a more solid buy-in point.
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jbieb448 madnight
@madnight, I agree. BNT has not broken through the long term resistance trend line shown on the graph. I'm looking for this guy to leap once breaking through the final resistance line.
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jbieb448 madnight
@madnight, Ended up pulling this one:
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